Indian singer, businessman Shael Oswal sells Sentosa villa for S$32m, below 2012 S$39m purchase price

Indian singer and businessman Shael Oswal is selling his seafronting bungalow in Sentosa Cove for S$32 million, or S$2,009 per square foot (psf) on land area of about 15,930 sq ft.

The amount is S$7 million or 18 per cent lower than the S$39 million he paid for the property, which is along Cove Drive, in 2012; Oswal bought the villa from surgeon Susan Lim and her husband Deepak Sharma.

The total loss for Oswal would be higher after taking into account, among other things, the additional buyer’s stamp duty (ABSD) he paid as well as the cost of sprucing up the property, which served as a holiday home for his family.